Indofil hilites,
an
inhouse magazine.
Check out latest news articles at Indofil.
Safety Merit Award ISO 9001 Certification and many more...
Home
» FROM THE DESK OF OUR CHIEF EXECUTIVE AND PRESIDENT
The year 2011 began on a very optimistic note despite hassles of runaway inflation, increasing food/ goods’ prices and unpredictable climate changes, that continue to overshadow the horizon. It is also this time of the year, when speculations in all quarters, go floating around as the Union Budget is announced for the new FY. The expectations of the ‘Aam Janta’ as usual, went up into thin air. In spite of many long deliberations and sessions, the government still continues to make futile efforts to balance the Budget, giving the tax payer the onerous task of budgeting his day to day expenses. The ultimate result is that the common man’s burden just gets heavier by the day.
The world was dismayed and shocked on a Friday afternoon on March 11, with the news that Japan was hit by a devastating earthquake followed by a tsunami that caused immense destruction, claiming thousands of lives and leaving many homeless and grief stricken. Our TV screens displayed the disastrous consequences of the earthquake, revenge of the sea, with waves engulfing open lands, mowing down stretches and wiping out properties and personal belongings. To add to Japan’s woes, the bigger threat of their damaged Fukushima Nuclear Power Plant created a heavier impact on the public mind in view of the likely radiation hazards on Japan and its surrounding regions. Along with this natural calamity, we also had unrest erupting in the Middle East creating much tension, destruction and loss of innocent lives in the war-torn areas of Libya, Bahrain and neighbouring countries.
Mr. R.K. Malhotra
Chief Executive & President
Bangladesh hosted its biggest bash, as it inaugurated the Opening Ceremony of ICC World Cup with a spectacular array of fireworks, a laser show and performances by world renowned musicians. The Grand Finale was held at the Wankhede Stadium in its new avatar. The matches provided a feast for the eyeballs of all cricket lovers across the world. The excitement mounted with each passing day and before long our Team India made it to the finals and won the coveted Trophy for the 2nd time after a long span of 28 years. We could not have asked for more. Every Indian was on top of the world, basking in the euphoria of this stunning historic win.,
Amidst all these ups and downs, the clock of life continues to tick and for us at Indofil, the end of this quarter is a time to re-assess, re-invent and recreate ourselves. During this quarter, as you are aware, Indofil bagged the Platinum Award at the 2009-2010 Vision Awards organized by the League of American Communications Professionals LLC (LACP), San Diego for our Annual Report 2009-2010. It was a proud moment for all of us, as our Annual Report received global recognition as No.1 Annual Report in Agribusiness and No.5 in the top 50 list. Moreover it was adjudged at the “Most Creative” Annual Report.
We are happy to announce that SPCD business has crossed Rs. 100 Cr. mark in FY 2011. With a number of new initiatives and focussed plan, SPCD business is poised to grow and reach landmark levels in all its business verticals in FY 2012. With stabilization of our Dahej Plant, we are achieving a consistent production, month after month and recorded a despatch of over 6000 tons in this quarter. The CS2 Project, approved by the Board, to be set-up at SEZ, Dahej by IndoBaijiin Chemicals Pvt Ltd, will be first project in India to use natural gas technology. The Project is expected to go on stream by the 3rd Quarter of 2012.
Research & Development department along with Process Team have scaled up the New Process of Mancozeb WG at Dahej, as per international QUALITY standards. They have also optimized the Process for Hexaconazole Technical and Propiconazole Technical which will be soon commercialised. In addition, a polymer emulsion based on Vinyl Acetate copolymers, has been launched, to offer a viable alternative to Acrylic Emulsions in Coatings and Textiles.
On the Agro domestic business front, Indofil’s long awaited entry into the fastest growing seed treatment market, finally came alive with the launch of SPRINT. Efforts are on to launch another mega product shortly, which will add one more milestone to our aggressive growth plan. Meantime the excellent results of our launches and pre-launch activities have boosted the confidence of our Indofil team and channel partners. Market development activities in important crop segments have helped in yielding good business in this quarter. On the International front too, we have achieved record sales in this quarter. Action plans are being initiated for registration processes in newer markets and opening up offices outside India. The Team is undeterred on its path to pursue broader interests and there is no stopping them.
The Growth Office was functional in coordinating the APBR Process. Simultaneously, GO initiated work i9n various work streams viz., Business case approval process, dashboard institutionalization, PLP setting up government norms etc. with the objective of providing support to set up standard process in the organization.
You will agree that the record sales and encouraging results of this quarter have sparked off a good start for Indofil in the next Financial Year. However, with competitors snapping at our heels, we have no alternative, but, to turn on the velocity mode and be ahead in the race, while keeping our focus to play on a larger canvas. We greatly appreciate your relentless team and individual efforts that have borne fruit so far. Our Business Plans for the forthcoming Financial years are in place, offering us greater challenges. So with the WINNING SPIRIT in our hearts and minds set on the goal, let us leap together to supersede our previous performance !
…
RK MALHOTRA.
Best Wishes for TOPPING success in the days ahead !
